Barclays Capital Reiterates “Equal weight” Rating for Burberry Group (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “equal weight” rating restated by research analysts at Barclays Capital in a report released on Monday, American Banking and Market News reports. They currently have a GBX 1,700 ($27.14) price objective on the stock. Barclays Capital’s target price indicates a potential upside of 5.92% from the stock’s previous close.
A number of other analysts have also recently weighed in on BRBY. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Burberry Group in a research note to investors on Friday. They now have a GBX 1,700 ($27.14) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Burberry Group in a research note to investors on Thursday. They now have a GBX 1,690 ($26.98) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Burberry Group in a research note to investors on Thursday. They now have a GBX 1,700 ($27.14) price target on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,529.25 ($24.41).
Shares of Burberry Group (LON:BRBY) opened at 1591.00 on Monday. Burberry Group has a 1-year low of GBX 1070.662 and a 1-year high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1581. and its 200-day moving average is GBX 1445.. The company’s market cap is £6.925 billion.
Burberry Group plc is a holding company. It designs, sources, and markets luxury men’s, women’s and children’s clothing and non-apparel accessories globally through a diversified network of retail (LON:BRBY), wholesale and franchise channels.
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